Breaking News! China and the U.S. to Hold a Trade Talk in “the Coming Days”!

China and the U.S. will hold a trade talk in the coming days to review the 6-month progress of the Phase 1 trade deal made in January, said China’s commerce ministry Gao Feng on Thursday after the scheduled video conference meeting last week was postponed.

China reported an increase of 18% YoY to 55.1 million tons in soybean imports for the 7-month period in 2020. Meanwhile, China wheat imports rose 116% YoY to 4.28 million tons.